Global Economic Times

2025.12.08 (Mon)
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Seoul's 'Insane Rent' Warning: Why $30,000 Monthly Rent is a Looming Threat Residential Crisis Deepens as Tourist Housing Conversion Hits Supply

(C) Pixabay A severe shortage of residential properties, particularly in Seoul, is fueling a surge in conversion of urban housing into tourist accommodations, raising alarm bells over a potential &q
Banks Eye Digital Assets: Woori Bank Displays Bitcoin Price in Dealing Room

(C) The Gulf Independent SEOUL, South Korea—In a clear sign that traditional financial institutions are beginning to seriously integrate digital assets into their core operations, Woori Bank ha

US Layoffs Surge: Over 1.17 Million Job Cuts Announced in First 11 Months of 2025

(C) Visual Capitalist New York — US employers have announced more than 1.17 million job cuts from January through November of this year, a sharp 54% increase compared to the same period last

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National Agricultural Food E-Voucher Program Expands to Convenience Stores Nationwide: Starting from the 4th, consumers across South Korea will be able to purchase a variety of domestic fresh foods using agricultural ...; Hwang Sujin Reporter 2025.03.03

U.S. Inflation Shows Signs of Easing, PCE Index Slows After Four-Month Rise: WASHINGTON D.C. – The U.S. Bureau of Economic Analysis reported on the 28th that the Personal Consumption Expenditures (PCE) ...; Hannah Yeh Reporter 2025.03.01

Colombia's Fiscal Challenges Persist as Revenue Targets Fall Short: The Colombian government is facing significant fiscal challenges as revenue collection continues to fall below expectations. Recen ...; Global Economic Times Reporter 2025.02.28

IMF Issues Global Alert Over U.S. Policy Shifts: WASHINGTON D.C. – The International Monetary Fund (IMF) has raised significant concerns regarding the global repercussions o ...; Hannah Yeh Reporter 2025.02.28

Rising Won-Dollar Exchange Rate Expected to Drive Up Consumer Prices in South Korea: SEOUL - The Bank of Korea (BOK) has issued a warning that the recent surge in the won-dollar exchange rate, driven by domestic pol ...; Global Economic Times Reporter 2025.02.28

Japan Deepens Economic Ties with ASEAN Amidst Shifting Geopolitical Landscape: TOKYO – As global economic security concerns escalate, Japan is intensifying its collaborative efforts with Southeast Asian ...; Hwang Sujin Reporter 2025.02.27

Philippine Stocks Surge, Peso Stable Amid US Relations Boost: MANILA – Philippine stocks experienced a significant rebound on Wednesday, while the local currency, the peso, remained rela ...; Graciela Maria Reporter 2025.02.27

Bank of Korea Cuts Growth Forecast, Cites Economic Uncertainties: SEOUL - The Bank of Korea (BOK) on Tuesday sharply lowered its economic growth forecast for this year to 1.5 percent, citing persi ...; Desk 2025.02.25

Asahi Beer to Raise Prices in Korea Next Month: SEOUL – Asahi Beer, a popular Japanese beer brand in South Korea, will raise prices by up to 20% starting next month, accord ...; ONLINE TEAM 2025.02.23

This year, it is predicted that South Korea's real GDP growth rate could plummet to 1.0%.: According to the financial sector on the 21st, UK-based Capital Economics (CE) lowered its forecast for South Korea's economic gro ...; ONLINE TEAM 2025.02.21

Portugal Rolls Out New Tax Incentives to Attract Global Talent After NHR Phase-Out: Lisbon, Portugal – Portugal has unveiled a new tax regime aimed at attracting highly skilled professionals and fostering inn ...; Ana Fernanda Reporter 2025.02.19

Japan's Economy Sees Modest Growth in Q4, Flat for 2024: TOKYO – Japan's economy continued its modest recovery in the fourth quarter of 2024, with annualized growth of 2.8% in real ...; Desk 2025.02.17

Hana Bank Launches 'K-League Victory Savings Account' to Celebrate 2025 Season Opening: SEOUL – Hana Bank announced the launch of its new "K-League Victory Savings Account" on February 17 to celebrate the opening ...; KO YONG-CHUL Reporter 2025.02.17

South Korean Self-Employed Workers Face Debt Crisis Amidst High Interest Rates and Economic Slump: SEOUL – South Korea is facing a growing crisis among its self-employed population as rising interest rates and a prolonged e ...; Desk 2025.02.17

Gold Rush in South Korea as Prices Skyrocket Amid Global Uncertainty: South Korea is experiencing an unprecedented surge in gold bar sales this month, with figures already shattering previous records. ...; Desk 2025.02.17

Ulsan Chamber of Commerce and Bank of Korea Ulsan Headquarters to Cooperate for Regional Economic Development: The Ulsan Chamber of Commerce announced on the 16th that it will promote various projects to develop the regional economy in coope ...; Desk 2025.02.16

Solaria Secures Grid Connection for 213 MW Data Center Project in Madrid: Madrid, Spain – Solaria Energía y Medio Ambiente has announced it has received confirmation from Red Eléctrica ...; Graciela Maria Reporter 2025.02.14

US Inflation Rebounds, Rattling Economic Nerves and Posing Challenge for Trump: The US economy is on high alert as the January Consumer Price Index (CPI) rebounded to 3%, the highest level in seven months. This ...; Sharon Yoon Correspondent 2025.02.13

Gold Rush Continues: Investors Flock to Gold Amidst Soaring Prices and Trade War Fears: Seoul – The price of gold has been on a relentless climb, fueling a surge in investment demand. This has led to record-break ...; Desk 2025.02.13

South Korea's Mint Halts Gold Bar Sales Amidst Soaring Demand and Global Trade Tensions: SEOUL – The Korea Minting and Security Printing Corporation (KOMSCO) has announced a temporary suspension of gold bar sales, ...; KO YONG-CHUL Reporter 2025.02.12